In reviewing the central government's works during the past 10 years, the macro control on the real estate industry is considered as one of the most delicate issues. Throughout the decade, China's real estate has undergone high speed development alongside booming property prices and the frequencies of launching related policies. At the meantime, the past decade is the period in which the real estate sector becomes the Chinese society most concerned and complained issue. How to evaluate the current macro control and the gains and pains from it? In order to better guide the future macro control and directions, the past and current policies should be analyzed at first.